19:11:18 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Duncan Park Holdings Corp
Symbol DPH
Shares Issued 126,076,108
Close 2018-12-13 C$ 0.005
Market Cap C$ 630,381
Recent Sedar Documents

Duncan Park to roll back shares one for 40

2018-12-18 19:32 ET - News Release

Mr. Harold Doran reports

DUNCAN PARK APPROVES PROPOSED SHARE CONSOLIDATION

Further to the Aug. 23, 2018, press release, Duncan Park Holdings Corp. intends to proceed with a consolidation of its common shares on the basis of one postconsolidated share for every 40 preconsolidation shares.

Shareholders of the company passed a resolution at an annual and special meeting of shareholders held today, granting the board of directors of the company the discretion to consolidate the common shares using a consolidation ratio of one postconsolidated share for up to 40 preconsolidation shares.

The consolidation remains subject to the receipt of exchange and other requisite approvals.

The company currently has 126,076,108 common shares issued and outstanding. Following the consolidation, it is anticipated that the company will have approximately 3,151,903 common shares issued and outstanding.

The exercise or conversion price and the number of common shares issuable under any of the company's outstanding (and issuable) securities, as well as the shares issuable pursuant to the company's previously announced proposed shares-for-debt transaction (which remains subject to exchange approval), will be adjusted to reflect the consolidation in accordance with their respective terms.

The board of directors of the company believes that completion of the consolidation may provide the company with greater flexibility to arrange future growth opportunities and financings. There can be no assurance that any future opportunities will be identified or financings undertaken or completed.

The company intends to provide shareholders with further information regarding the consolidation as applicable. The company does not plan to change its name in conjunction with the consolidation.

About Duncan Park Holdings Corp.

Duncan Park is a Toronto-based mineral exploration company, exploring for gold and other precious metals in Ontario's prolific Red Lake gold mining district.

We seek Safe Harbor.

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